Can I retire at age 60 with 1,150,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$94,966$94,120$93,295$92,489$91,703$90,221
2 years$47,013$46,137$45,289$44,466$43,668$42,179
3 years$31,031$30,151$29,305$28,490$27,705$26,255
4 years$23,041$22,164$21,326$20,525$19,759$18,360
5 years$18,248$17,377$16,550$15,765$15,021$13,676
6 years$15,055$14,190$13,375$12,608$11,885$10,597
7 years$12,774$11,916$11,115$10,365$9,666$8,434
8 years$11,064$10,215$9,426$8,695$8,019$6,843
9 years$9,735$8,894$8,119$7,407$6,753$5,633
10 years$8,673$7,839$7,078$6,384$5,754$4,688
11 years$7,804$6,979$6,231$5,556$4,949$3,937
12 years$7,081$6,264$5,530$4,874$4,288$3,329
13 years$6,469$5,661$4,941$4,303$3,739$2,831
14 years$5,945$5,145$4,439$3,820$3,278$2,419
15 years$5,491$4,700$4,008$3,406$2,886$2,075
16 years$5,095$4,313$3,634$3,050$2,551$1,785
17 years$4,745$3,972$3,307$2,740$2,262$1,541
18 years$4,435$3,670$3,019$2,470$2,011$1,333
19 years$4,158$3,401$2,763$2,232$1,792$1,155
20 years$3,908$3,161$2,536$2,021$1,601$1,003
21 years$3,683$2,944$2,333$1,834$1,433$872
22 years$3,479$2,748$2,150$1,668$1,284$759
23 years$3,292$2,570$1,985$1,519$1,153$662
24 years$3,122$2,408$1,836$1,385$1,036$577
25 years$2,965$2,260$1,700$1,265$932$504
26 years$2,820$2,124$1,577$1,157$840$440
27 years$2,687$1,999$1,464$1,059$757$385
28 years$2,563$1,884$1,361$970$683$337
29 years$2,448$1,777$1,267$890$617$295
30 years$2,341$1,678$1,180$816$557$258
31 years$2,241$1,586$1,100$750$504$226
32 years$2,147$1,501$1,026$689$456$198
33 years$2,059$1,422$958$634$413$173
34 years$1,977$1,347$895$583$374$152
35 years$1,900$1,278$837$537$338$133
36 years$1,826$1,213$783$494$307$117
37 years$1,758$1,152$733$455$278$102
38 years$1,692$1,095$686$420$252$90
39 years$1,631$1,041$643$387$228$79
40 years$1,572$990$603$357$207$69
41 years$1,517$943$565$329$188$61
42 years$1,464$898$530$304$171$53
43 years$1,414$856$498$281$155$47
44 years$1,366$816$467$259$141$41
45 years$1,321$778$439$239$128$36
46 years$1,278$742$412$221$116$32
47 years$1,236$708$387$204$105$28
48 years$1,197$676$364$189$96$24
49 years$1,159$645$342$174$87$21
50 years$1,123$617$321$161$79$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $1,150,000, adding $2,370 every year, while hoping to spend $45,329 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 75/11/14 Blend
59$1,150,000$1,150,000$1,150,000$1,150,000
60$1,269,745$1,208,795$1,190,970$1,361,037
61$1,351,029$1,219,796$1,182,637$1,432,669
62$1,439,085$1,229,817$1,172,507$1,505,270
63$1,534,556$1,238,762$1,160,470$1,583,602
64$1,638,148$1,246,529$1,146,413$1,668,223
65$1,750,639$1,253,009$1,130,218$1,759,746
66$1,872,884$1,258,087$1,111,761$1,858,846
67$2,005,825$1,261,639$1,090,911$1,966,268
68$2,150,495$1,263,535$1,067,532$2,082,833
69$2,308,034$1,263,637$1,041,483$2,209,445
70$2,479,695$1,261,797$1,012,615$2,347,102
71$2,666,857$1,257,858$980,770$2,496,904
72$2,871,038$1,251,655$945,788$2,660,061
73$3,093,909$1,243,011$907,496$2,837,911
74$3,337,308$1,231,738$865,718$3,031,925
75$3,603,260$1,217,640$820,266$3,243,728
76$3,893,994$1,200,506$770,946$3,475,110
77$4,211,964$1,180,113$717,555$3,728,043
78$4,559,871$1,156,226$659,880$4,004,703
79$4,940,691$1,128,594$597,699$4,307,488
80$5,357,699$1,096,953$530,780$4,639,042
81$5,814,503$1,061,023$458,881$5,002,278
82$6,315,077$1,020,507$381,747$5,400,412
83$6,863,795$975,092$299,116$5,836,983
84$7,465,477$924,447$210,711$6,315,898
85$8,125,430$868,219$116,244$6,841,461
86$8,849,500$806,038$15,415$7,418,418
87$9,644,126$737,511$0$8,052,000
88$10,516,402$662,224$0$8,761,745
89$11,474,140$579,737$0$9,543,594
90$12,525,946$489,589$0$10,402,299
91$13,681,303$391,288$0$11,345,641
92$14,950,653$284,319$0$12,382,192
93$16,345,504$168,135$0$13,521,399
94$17,878,531$42,159$0$14,773,672
95$19,563,699$0$0$16,150,481
96$21,416,393$0$0$17,675,873
97$23,453,564$0$0$19,358,814
98$25,693,886$0$0$21,209,635
99$28,157,935$0$0$23,245,341
100$30,868,380$0$0$25,484,667